Thursday, January 08, 2004

And screw you old geezers again

From the Daily Mislead....

Late last year, President Bush promised retirees that "if there's a Medicare reform bill signed by me, corporations have no intention to dump retirees [from their existing drug coverage]...What we're talking about is trust." The White House and its congressional allies backed up Bush's assertion by claiming the bill included a special tax subsidy to "encourage employers' to retain prescription-drug coverage" for their retirees' and not to cut them off.

But just three months after Bush's pledge, the Wall Street Journal now reports that the White House quietly added "a little-noticed provision" to the bill that allows companies to severely reduce - or almost completely terminate - their retirees' drug coverage "without losing out on the new subsidy."


....but hey, do what you want....you will anyway.

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